Korean Catholic Broadcasting Corporation in Los Angeles, California (CA)

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Korean Catholic Broadcasting Corporation
Employer Identification Number (EIN)954691019
Name of OrganizationKorean Catholic Broadcasting Corporation
Address3435 Wilshire Blvd 2620, Los Angeles, CA 90010-2012
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other religious activities, Radio or television broadcasting
SubsectionReligious Organization, Charitable Organization
Ruling Date08/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$31,024
Amount of Income$41,910
Form 990 Revenue Amount$41,910
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Religious Media, Communications Organizations


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Amount of income in 2013: $41,910 (it was $40,640 in 2012)
This organization: 

 $41,910
Other organizations performing similar types of work: 

 $1,181,352

Assets in 2013: $31,024 (it was $25,041 in 2012)
Korean Catholic Broadcasting Corporation: 

 $31,024
Other organizations performing similar types of work: 

 $1,039,826

Expenses in 2013: $36,327
Korean Catholic Broadcasting Corporation: 

 $36,327
Other organizations performing similar types of work: 

 $950,051

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 72.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$22,449$40,640$41,910
Contributions, gifts, grants, and similar amounts received$22,449$40,640$41,910
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$28,845$45,480$36,327
Total net assets$5,337$497$6,080
Excess/Deficit for the year$-6,396$-4,840$5,583
Net assets or fund balances at beginning of year$11,733$5,337$497
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$497$6,080
Balance Sheets
201120122013
Total assets$29,881$25,041$31,024
Total liabilities$24,544$24,544$24,944
Net assets or fund balances$5,337$497$6,080
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Christian Broadcasting Network Inc977 Centerville Tpke, Virginia Bch, VA 23463-1001VA1961-12$314,870,951
2In Touch Ministries Inc3836 Dekalb Technology Pkwy, Atlanta, GA 30340-3604GA1984-04$92,197,569
3New Song Ministries Inc825 Smith Rd, Ball Ground, GA 30107-2370GA1982-08$19,689,676
4Radio Training Network Inc2420 Wade Hampton Blvd, Greenville, SC 29615-1146SC1985-12$16,317,214
5Hermano Pablo IncPO BOX 100, Costa Mesa, CA 92628-0100CA1973-07$451,246
6Acts International877 Avenida Acapulco, San Clemente, CA 92672-2406CA1984-04$145,271
7Horizon Gate Productions7158 Amherst St, San Diego, CA 92115CA1982-10$33,849
8Voice Of God Recordings IncPO BOX 950, Jeffersonvlle, IN 47131-0950IN1985-06$11,235,576
9Quiet Hour630 Brookside Ave, Redlands, CA 92373-4614CA1958-10$6,010,151
10Servant Of Jesus & Mary17000 State Route 30, Constable, NY 12926-3621NY1982-06$4,501,178
11Haven Ministries3741 Merced Dr Ste H, Riverside, CA 92503-4956CA1959-05$1,277,946
12Pacific Cascade Communications Corporation1139 Hartnell Ave, Redding, CA 96002-2113CA1969-08$791,161
13Plain Truth Ministries Worldwide1710 Evergreen St, Duarte, CA 91010-2845CA1975-05$775,573
14Harvest Crusades, A New Beginning With Greg Laurie6115 Arlington Ave, Riverside, CA 92504-1911CA1992-09$539,847
15St Dominics Media Production Centerinc3308 E 15th St, Panama City, FL 32405-7414FL2007-10$169,778
16Korean Catholic Broadcasting Corporation3435 Wilshire Blvd 2620, Los Angeles, CA 90010-2012CA1998-08$41,910
17One Worship Ministries Inc7938 Buckfield Pl, Charlotte, NC 28277-9172NC2006-10$50
18Catholic Fraternity For Restoration Inc5541 E Tulare St, Fresno, CA 93727CA1998-06$0
19Manna Publications Usa Incorporated436 Sandlewood Drive, Calabash, NC 28467NC2008-08$0
20Zionline Ministries Inc3801 S Harbor Blvd, Santa Ana, CA 92704-7901CA2003-01$0
Number of organizations performing similar types of work
Arizona1
California11
Colorado5
Connecticut2
Florida3
Georgia2
Indiana1
Kentucky1
Massachusetts1
Michigan1
Minnesota1
North Carolina2
New York2
Ohio2
Oklahoma2
Oregon1
Rhode Island1
South Carolina1
Texas3
Utah1
Virginia2
Wisconsin2
West Virginia1
Total49

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